News

U.S. Labor Secretary Tom Perez has announced a proposal that would subject brokers offering retirement advice to a fiduciary standard.

Fitch Ratings has kept its AAA rating for the U.S., saying the economy has strengthened, the budget deficit is expected to narrow this year and in 2016, and health care cost increases are slowing. Falling oil prices also have boosted […]

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The four-week rolling average of first-time unemployment claims has reached the lowest level since 2000, according to the Department of Labor. Initial claims have held below 300,000 for five consecutive weeks, suggesting the labor market is strengthening.

There could be more than $3.7 trillion worth of mergers and acquisitions this year if deals continue to be made at the current pace. That would be second only to 2007’s total of $4.3 trillion. There are 15 deals announced […]

The Internal Revenue Service launched 4,297 criminal investigations last year, down from 5,314 during the previous fiscal year, a report from the agency’s criminal investigation division found. The IRS recommended 3,478 prosecutions, a 20% drop from the previous year. The […]

Average consumer spending in March rose $4 from February to reach $86 a day per person, according to Gallup. That’s slightly below the $87 per day that consumers said they spent in March of last year. Consumer spending has been […]

The dollar’s strengthening appears to be slowing down, which could ease pressure on U.S. exporters and bolster demand for oil. Some investors think the Federal Reserve could delay its rate hike until the end of the year, but the long-term […]

Only 126,000 jobs were added to nonfarm payrolls in March, the lowest monthly total since December 2013, according to the Labor Department. It is the latest sign that the economy has softened in the past few months, spurring speculation that […]